Chorlton

Grading from a reliable source just confirms what the coin is and what condition it is in.

It can be useful to protect for example proof coins and also for higher value coins. For lower value coins it does not have as much impact and can cost more to grade than any value increase.

Part of this is the extensive marketing via social media & similar that Bitcoin has, Bitcoin fits in with the online way people run their lives now and also it is more granular / instant than gold at lower values. Bitcoin is also a lot more volatile and in effect you own something which has nothing to back its value unlike government bonds or a share in a company.

3 hours ago, Brit2023 said:

good news he’s taken notice of us all and dropped the price😂😂😂

Before the internet you can understand people being conned more but now a quick google shows the real price.

5 minutes ago, Fenlander1 said:

This guy is special

https://www.ebay.co.uk/itm/355271006629?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=rcxyaae_qoq&sssrc=4429486&ssuid=XV_rZwRPTDu&var=&widget_ver=artemis&media=COPY

To be fair it does say or best offer 🤣

43 minutes ago, MickB said:

There's a pawn broker around the corner from the bullion dealer, which doesn't know how to price coins. I've bought a couple of proof gold coins off them for bullion prices but the bullion sovereigns are way over what the price should be. I tried to tell them their prices are all over the place, after I bought the proofs of course 😁

Did exactly the same a few years ago, ended up with several proofs including 2002 and 2005 at bullion prices.

The anti-Binlord is here 😮

https://www.ebay.co.uk/itm/155934217720?hash=item244e6755f8:g:FIYAAOSwIaBlcavI&amdata=enc%3AAQAIAAAAwCPQnlzGliifBmUVY7pSNFHCkb5IiKUjBCoY3GPnrYicSWacv0Q21nJ0HKo0pD%2F1%2B1wk9JGeAehkMh%2FkE92dbnoaFV8HrXUyytEtgBnNJ8dkLHa9SjmkfyuGI38m05Ni79gvHhXKFsAH%2F24JMnQB3VrPfej7zJcNC5LoamfHQWq6%2B3lVomMy0pfXwplWv7RDwN1jBwRc9Jl3wIfZFr0I436J84nrtLxmHz2TZ79pr5avhhXtTShxWvgdUrK8HUzibw%3D%3D|tkp%3ABk9SR6SaxMuIYw

4 hours ago, Spyder said:

He was doing a house clear out on his last holiday to China. 

Managed to find some fake stamps also

https://www.ebay.co.uk/itm/404470758106?hash=item5e2c55fada:g:VEwAAOSwRo9j3L43

Is there anything this seller does not have a counterfeit copy of ?

1 hour ago, Petra said:

Probably repeating someone on here, but are these stupidly priced things just a cover for something else as there can’t really be people out there stupid enough to actually buy these things?😮🤔

Easy stop putting off my customers!!!

Just in case anyone misses out I have one spare available for the same price , will even throw in free postage !

https://www.ebay.co.uk/itm/134753741290?hash=item1f5ff2e9ea:g:3FMAAOSwYqFk3hje&amdata=enc%3AAQAIAAAA8I1kB7UlaMbkZHAjkgCOd3kf7%2FM9vYCANSuJ2gTOtYCn2jq2ETSHFbnupl1cDnRqGC78gYDQ9dQ%2FhVlYhS8Czh8VPs5QkiaAh4oG6OssgQt2YGEawUs90aAR3cbZUw%2FcVaoWSWCH5vRNU1heogEKtmnjn3SkQznIXPTIg1VP2N1sHjeThOV11G5Ww%2FjA%2FjxQraBMtCqyY4MlLk3l33JYNalAUlTvVwRg%2BC%2Fuc4jLEEn25nIfvEng2NJyTJs8tSpyrRjPaECEt7RlHMRvs0TXE7fk%2B2QtReoJKfIhecchZuTwSUBcSl652AiOh1%2FXoYUf%2BQ%3D%3D|tkp%3ABk9SR5Twg9DiYg

The easiest solution is just to wear all your gold like Mr T. That way you always know where it is and have easy access to it 🤠

I have only sold cheaper PM’s on eBay and luckily had no issues. But did mention the packing process was filmed and also had taken a lot of photo’s.

When buying on eBay I assume it will have to go straight back due to the risks. To be fair I have had various good purchases on eBay and not sent anything back so far. Pays to take your time to be sure and contact the seller if needed.

Worth considering how and when you would sell whatever you may decide to invest in. Any sudden sale for various reasons could cost you a fair amount of loss in the price to sell quickly or mean you have to sell when prices are lower.

The grading is useful as confirming both what the coin is and its condition. This is helpful for people as not many have the knowledge to confirm what any coin is and also its grade. This does not mean ungraded coins have any issue and having found ungraded coins at good prices in excellent condition myself. Where I would fall down is in ancient coins which interest me but I have very little knowledge or experience in this area so grading could be very useful. For coins like Sovereigns not so much.

I find slabs useful as they confirm the coin is what it says it is and also keeps my sticky mitts off them. For more general coins I am unlikely to come to harm with slabs do not really matter.

3 minutes ago, Paul said:

The quarter sov of old, is the new half, the half is the new full 

The full sovereign is the new 1/2 Oz 

For those who's wages ain't kept pace with  inflation or like the good old days 

 

An eighth of a sovereign may appear if the value keeps rising. Best to keep that safely in a decent sized capsule or one sneeze and its gone 😲

In part there is always an element of doubt when the grader is also the seller, which is also in part determined by their reputation and history in the first place. 

For graded coins you need to understand what you are buying and get them for a good price. Also best to go for the highest grade as anything less quickly becomes close to an ungraded equivalent and harder to sell on. The benefit and drawback of graded coins is you know what you are getting but may not learn much from the process. That being said a good graded coin is useful as a point of reference for assessing ungraded coins.

The challenge with silver is the relatively low value and the costs involved in buying / selling a lot of low priced items compared to a few high priced items. Each time there is a postage and packaging cost and with few higher priced items this is small compared to the value and also less effort than putting numerous items in the post. This does not mean good value is not there just need to be careful to fully cost things.

After 12 goes I can’t get past level 1 , can I have a job Mr Chard 😎

The proofs will likely see the greatest appreciation in value as they are in very limited numbers, remains to be seen if current pricing is sustained or continues to rise.

As long as the butler doesn’t freeze solid we will be fine. 

Is no one drinking their Rum 🙂

The trouble is once you drink any half decent rum the cheaper stuff just tastes like antiseptic 😝

50 minutes ago, modofantasma said:

There seems to be an element of speculation in proof and special year graded coins from what I can gather. I have few proof coins and none graded as yet but I do like the simplicity of bullion. 

Generally proofs maintain their value through condition. For the more valuable proofs grading both confirms the condition and also the slab protects the coin. For cheaper proofs grading is potentially not as beneficial.